Golf Betting Online - Tips and Strategies
Betting on golf online has become very popular in recent times. Let's have a look at the following 5 steps to online golf betting strategy, or 'how to make winning golf bets and beat your bookie!' If you are not familiar with some of the more advanced betting terms and strategies found in this article we recommend brushing up at our beginner's guide to online golf betting.
1. Starting Your Betting Journey
First you will need to create a detailed plan of everything you need prior to placing your first bet on golf. You should look into all the available sportsbooks for Canadian bettors that offer markets on the majority of golfing competitions played around the world. To help with this step, please refer to our best sportsbooks guide for all of the available ones to bettors based in Canada. It is advisable to use a number of sportsbooks because each one offers slightly different odds. Finding the one that offers the best odds on the bet you want to place could win you an extra few loonies.
Best Bookmakers - July 2024
Once you have signed up to your sportsbook of choice, it is time to start looking into each individual market for the upcoming tournament. A selection of the more common markets is highlighted below:
- Outright Winner
- Top 5 / 10 / 20
- Match-ups
- Top Nationality
To gain more insight into each individual market mentioned above, we have an outstanding article available to all readers going into a lot more depth for each golf betting type. Please remember to look into the less popular markets, to help find the value bets which could increase the pay-out of a winning bet.
2. Research
Research is your best friend when it comes to betting on golf. All of the bettors who make money betting on golf will tell you research is a key component to their success. A number of key things to research when betting on golf are detailed below:
Competitors – golfing tournaments usually include 100+ participants. It is important to get a better understanding of who is competing in upcoming tournaments.
Courses – most tournaments throughout the PGA and European tours are played on different courses. Each course has its own uniqueness, so you should look into how each one is structured. This is sometimes hard to do prior to a tournament, especially with the pin position, as this is adjusted each day. So keep an eye out before and during the tournament.
Tournaments – make sure you are aware of the different tournaments, the structure and the point system. Both the PGA and European tours have their own points system, where competitors amass these points during the season. Whoever is at the top of leaderboard at the end of the season will earn a hefty sum of money.
Carrying out research into all the above will give you a better understanding of the game of golf and everything you need when it comes to betting on it.
3. Strategies
When betting on golf, it is important to develop and utilise strategies to help increase your betting win percentage. There are a number of factors you must use to help with your decision on who to back at the upcoming tournament. These include:
- Player Form – we suggest looking into the previous 5 tournaments the golfer has played in. Pay attention to their final placement, whether they even made the cut and the number of greens in regulations they recorded each day. This will help your decision into how they will perform and where they are likely to place come Sunday evening.
- Course Form – you must also look into the form of each golfer at the upcoming course. Although a season is played at different courses across the United States / the World, the same courses are usually played on the following year. Look at how each competitor has performed at the course over the past 3 / 5 years. You will see if they have performed well at the course in recent years, which in turn can have a huge effect on their upcoming performance.
Using the two factors highlighted above will help you to narrow down which golfer is coming into the tournament in form and whether they are likely to compete to be champion. This will help you to determine the correct bet to place on that golfer.
4. Record Keeping
We strongly recommend that you keep a detailed track of all of your bets that you have placed. Creating a specialist spreadsheet is the best way to go in our opinion. Carrying out this step will allow you to check how much profit / loss you are making per day / week / month. You can also see which markets you are more profitable on and which ones have a much lower win percentage. You can then decide on whether it is worthwhile carrying on betting on the markets your research isn’t working well on or looking at ways of adapting your research to help increase the win percentage.
5. Know Your Limits
It is extremely important that you know your limits when betting on golf. Prior to a tournament, decide on the amount of money you are willing to bet with and stick to it. Do not bet more than you can afford, and please do not chase any losses. Chasing losses will always result in losing more money in the long run, so be careful. Sticking to a set budget will give you peace of mind and allow you to enjoy the tournament, which is what betting is all about. If you are going over your budget regularly, then it may be time to take a break and reset.
Follow this 5-step stategy guide to golf betting and you will see your win percentage increase. Good luck to all of our Canadian bettors!
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